Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global GaN and SiC Power Semiconductor Market by Type (SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN), By Application (Power supplies, Industrial motor drives, PV inverters, Traction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global GaN and SiC Power Semiconductor Market by Type (SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN), By Application (Power supplies, Industrial motor drives, PV inverters, Traction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 245089 4200 Electronics & Semiconductor 377 202 Pages 4.7 (42)
                                          

Market Overview:


The global GaN and SiC power semiconductor market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and high-power electronics devices. Additionally, the growing adoption of GaN and SiC power semiconductors in various applications such as power supplies, industrial motor drives, PV inverters, and traction is also propelling the growth of this market. However, the high cost associated with these semiconductors may restrain the growth of this market to some extent. Based on type, the global GaN and SiC power semiconductor market can be segmented into SiC power modules, GaN power modules, discrete SiC devices, and discrete GaN devices.


Global GaN and SiC Power Semiconductor Industry Outlook


Product Definition:


Gallium Nitride (GaN) and Silicon Carbide (SiC) power semiconductors are materials that have been specifically designed for use in high-power applications. They offer many advantages over traditional silicon-based power semiconductors, including higher efficiency, greater reliability, and lower operating temperatures. GaN and SiC power semiconductors are finding increasing use in a wide variety of applications, including electric vehicles, solar energy systems, data centers, and industrial motors.


SiC Power Module:


The global SiC power semiconductor market is expected to grow at a significant rate owing to the growing demand for high-power devices such as RF modules, solar cells and LEDs. The RF module industry has witnessed growth in recent years on account of the increasing use of wireless communication equipment in smartphones and other consumer electronic products.


GaN Power Module:


GaN Power Module is a device that utilizes GaN technology for power amplification and can be used in various applications such as wireless communication, LED lighting, electric vehicles (EV), etc. It has high efficiency and operates at low frequencies which makes it suitable for use in EV. The growing demand for energy-efficient solutions is expected to drive the market over the forecast period.


Application Insights:


The power supplies segment dominated the global market in 2017. The growth of this application can be attributed to the growing demand for clean energy and technological advancements in power supply units. For instance, Siemens Energy has been developing aSiC Power Supply for wind turbines that is based on its wide range SISACON product line. This advanced power supply provides reliable and efficient performance across all types of wind turbines, including high-altitude ones.


Industrial motor drives accounted for a significant share in the Asia Pacific region owing to rising demand from industrial applications such as food processing plants, chemical plants and paper mills among others. Industrialization leads to increased electricity consumption which results in increased requirement of energy sources such as coal and hydroelectricity which are abundant sources of clean energy like GaN & SiC Power Semiconductor Products (PES). Moreover, favorable government policies regarding renewable energy along with technological advancements are expected to augment industry growth over the forecast period globally.


Regional Analysis:


North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major players such as Amphenol Corporation, Infineon Technologies, and Maxim Integrated Products Inc. Moreover, technological advancements coupled with high demand for energy-efficient products are expected to drive the regional market over the forecast period.


Asia Pacific is projected to witness significant growth over a period of eight years from 2018 to 2030 owing to increasing government initiatives pertaining toward manufacturing in India and China along with favorable policies regarding power electronics in these countries. In addition, growing PV installation across several countries including China and Japan is anticipated boost product demand across Asia Pacific during the forecast period.


Growth Factors:


  • Increasing demand for high-efficiency and high-power semiconductor devices in automotive, industrial, and consumer electronics applications.
  • Rapid growth of the data center market, as well as the need for energy-efficient solutions to meet rising power demands.
  • Growing demand for renewable energy sources such as solar and wind power.
  • Proliferation of electric vehicles (EVs) and hybrid electric vehicles (HEVs).
  • Advancements in GaN and SiC technology that improve performance, reduce costs, and increase reliability

Scope Of The Report

Report Attributes

Report Details

Report Title

GaN and SiC Power Semiconductor Market Research Report

By Type

SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN

By Application

Power supplies, Industrial motor drives, PV inverters, Traction

By Companies

Mitsubishi Electric Corporation, Infineon Technologies AG, ROHM Semiconductor, NXP Semiconductors, Mitsubishi Electric Corporation

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

202

Number of Tables & Figures

142

Customization Available

Yes, the report can be customized as per your need.


Global GaN and SiC Power Semiconductor Market Report Segments:

The global GaN and SiC Power Semiconductor market is segmented on the basis of:

Types

SiC Power Module, GaN Power Module, Discrete SiC, Discrete GaN

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Power supplies, Industrial motor drives, PV inverters, Traction

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Mitsubishi Electric Corporation
  2. Infineon Technologies AG
  3. ROHM Semiconductor
  4. NXP Semiconductors
  5. Mitsubishi Electric Corporation

Global GaN and SiC Power Semiconductor Market Overview


Highlights of The GaN and SiC Power Semiconductor Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. SiC Power Module
    2. GaN Power Module
    3. Discrete SiC
    4. Discrete GaN
  1. By Application:

    1. Power supplies
    2. Industrial motor drives
    3. PV inverters
    4. Traction
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the GaN and SiC Power Semiconductor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Understanding Competition Scenario
  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Global GaN and SiC Power Semiconductor Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


GaN and SiC are two types of power semiconductor. GaN is a type of gallium nitride, while SiC is a type of silicon carbide. These materials have the potential to be much more efficient than traditional power semiconductors, which could make them an important part of future energy systems.

Some of the major players in the gan and sic power semiconductor market are Mitsubishi Electric Corporation, Infineon Technologies AG, ROHM Semiconductor, NXP Semiconductors, Mitsubishi Electric Corporation.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GaN and SiC Power Semiconductor Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 GaN and SiC Power Semiconductor Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 GaN and SiC Power Semiconductor Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the GaN and SiC Power Semiconductor Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global GaN and SiC Power Semiconductor Market Size & Forecast, 2018-2028       4.5.1 GaN and SiC Power Semiconductor Market Size and Y-o-Y Growth       4.5.2 GaN and SiC Power Semiconductor Market Absolute $ Opportunity

Chapter 5 Global GaN and SiC Power Semiconductor Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 GaN and SiC Power Semiconductor Market Size Forecast by Type
      5.2.1 SiC Power Module
      5.2.2 GaN Power Module
      5.2.3 Discrete SiC
      5.2.4 Discrete GaN
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global GaN and SiC Power Semiconductor Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 GaN and SiC Power Semiconductor Market Size Forecast by Applications
      6.2.1 Power supplies
      6.2.2 Industrial motor drives
      6.2.3 PV inverters
      6.2.4 Traction
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global GaN and SiC Power Semiconductor Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 GaN and SiC Power Semiconductor Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America GaN and SiC Power Semiconductor Analysis and Forecast
   9.1 Introduction
   9.2 North America GaN and SiC Power Semiconductor Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America GaN and SiC Power Semiconductor Market Size Forecast by Type
      9.6.1 SiC Power Module
      9.6.2 GaN Power Module
      9.6.3 Discrete SiC
      9.6.4 Discrete GaN
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America GaN and SiC Power Semiconductor Market Size Forecast by Applications
      9.10.1 Power supplies
      9.10.2 Industrial motor drives
      9.10.3 PV inverters
      9.10.4 Traction
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe GaN and SiC Power Semiconductor Analysis and Forecast
   10.1 Introduction
   10.2 Europe GaN and SiC Power Semiconductor Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe GaN and SiC Power Semiconductor Market Size Forecast by Type
      10.6.1 SiC Power Module
      10.6.2 GaN Power Module
      10.6.3 Discrete SiC
      10.6.4 Discrete GaN
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe GaN and SiC Power Semiconductor Market Size Forecast by Applications
      10.10.1 Power supplies
      10.10.2 Industrial motor drives
      10.10.3 PV inverters
      10.10.4 Traction
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific GaN and SiC Power Semiconductor Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific GaN and SiC Power Semiconductor Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific GaN and SiC Power Semiconductor Market Size Forecast by Type
      11.6.1 SiC Power Module
      11.6.2 GaN Power Module
      11.6.3 Discrete SiC
      11.6.4 Discrete GaN
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific GaN and SiC Power Semiconductor Market Size Forecast by Applications
      11.10.1 Power supplies
      11.10.2 Industrial motor drives
      11.10.3 PV inverters
      11.10.4 Traction
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America GaN and SiC Power Semiconductor Analysis and Forecast
   12.1 Introduction
   12.2 Latin America GaN and SiC Power Semiconductor Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America GaN and SiC Power Semiconductor Market Size Forecast by Type
      12.6.1 SiC Power Module
      12.6.2 GaN Power Module
      12.6.3 Discrete SiC
      12.6.4 Discrete GaN
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America GaN and SiC Power Semiconductor Market Size Forecast by Applications
      12.10.1 Power supplies
      12.10.2 Industrial motor drives
      12.10.3 PV inverters
      12.10.4 Traction
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) GaN and SiC Power Semiconductor Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) GaN and SiC Power Semiconductor Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) GaN and SiC Power Semiconductor Market Size Forecast by Type
      13.6.1 SiC Power Module
      13.6.2 GaN Power Module
      13.6.3 Discrete SiC
      13.6.4 Discrete GaN
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) GaN and SiC Power Semiconductor Market Size Forecast by Applications
      13.10.1 Power supplies
      13.10.2 Industrial motor drives
      13.10.3 PV inverters
      13.10.4 Traction
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 GaN and SiC Power Semiconductor Market: Competitive Dashboard
   14.2 Global GaN and SiC Power Semiconductor Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Mitsubishi Electric Corporation
      14.3.2 Infineon Technologies AG
      14.3.3 ROHM Semiconductor
      14.3.4 NXP Semiconductors
      14.3.5 Mitsubishi Electric Corporation

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